Group of Seven nations finance ministers agreed to tackle the issue of how to deal with failing banks and gave gave a green light to Japan's efforts to galvanize its economy.» Read More
GENEVA, Jan 13- As it seeks a new chief to lead it out of a negotiating death-spiral, the World Trade Organization looks doomed to be fatally undermined by new global carve-ups that will leave many of the world's poorest sidelined.
*Mali is Hollande's first military intervention. PARIS, Jan 13- Just as its leaders were defining a new "hands-off" strategy for Africa, France has been thrust onto the front line of one of the continent's riskiest battlefields deep in the desert of Mali.
MANCHESTER, England, Jan 13- The boss of Britain's biggest retail bank struck a chord with the public when he complained of getting unsolicited calls from claims management firms promising him compensation from his own and other banks.
WASHINGTON, Jan 12- Lockheed Martin Corp's' s new F-35 fighter jet has completed over a third of its planned flight tests, but it is still facing problems with the helmet needed to fly the plane, software development and weapons integration, according to a report by the Pentagon's chief weapons tester.
*Trade awaits Q4 Europe, N. American cocoa grind next week. NEW YORK/ LONDON, Jan 11- Arabica coffee futures on ICE jumped more than 2 percent on Friday to a one-month high in heavy volume, led by short-covering late in the session after climbing above key levels and getting a boost from the weak U.S. dollar.
NEW YORK, Jan 11- Gold fell 1 percent on Friday, finishing nearly flat for the week, after growing inflation pressure in China dented hopes for more stimulus from the world's second-largest economy.
NEW YORK, Jan 11- U.S. regulators are expected to order JPMorgan Chase& Co to correct lapses in how it polices suspect money flows, two people familiar with the situation said, in the latest move by officials to force banks to tighten their anti money-laundering systems.
LONDON, Jan 11- European equities stalled on Friday, with weak economic data from the United States and concerns about the scope for more stimulus in China giving investors the excuse to lock in profits on a new year rally to multi-month highs.
*Ample off-year Brazil crop weighs on arabica coffee. The euro rose to its highest since April 2012 against the dollar on Friday with investors continuing to trade on the absence of any hints as to future euro zone interest rate cuts from European Central Bank President Mario Draghi on Thursday.
LONDON, Jan 11- Asian firms and Eurobond debutants from Africa will be prominent among emerging borrowers hoping to tap buoyant appetite for high-yield assets in 2013 although issuance and investor returns may fall short of last year.
*Traders expect USDA to raise estimates for soy inventories. The USDA at 11 a.m. CST is projected to raise its outlook for U.S. soy inventories at the end of the crop's marketing year on Aug. 31 by 2.3 percent from last month to 133 million bushels, according to a Reuters poll. Chicago Board of Trade March soybeans slid 1.2 percent to $13.62- 3/ 4 a bushel by 9:40 a.m. CST.
LONDON, Jan 11- Gold prices fell on Friday, with buyers cashing in gains after an earlier rally failed to take the precious metal above the previous session's high, with selling accelerating as it slid below a key chart level at $1,661 an ounce.
LONDON, Jan 11- Global investors seem happy to slip back into riskier waters of emerging market equities once again but it's a step-by-step process and ways of staying in the shallows are still being sought by many.
NEW YORK, Jan 11- U.S. regulators are likely to order JPMorgan Chase& Co to correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. JPMorgan will probably not have to pay a monetary penalty, according to one person familiar with the situation. A JPMorgan spokeswoman declined to comment.
*Foreign investors should help Spain meet 2013 funding. LONDON, Jan 11- Spain should be able to meet its massive 2013 borrowing needs because yield-hungry foreign investment funds cannot afford to miss out on the juicy interest rates paid out on Spanish bonds.
LONDON, Jan 11- Fracking and a global surge in offshore exploration pose the biggest challenge to Saudi Arabia's oil policy since the 1980 s.
LONDON, Jan 11- Mobile operator Vodafone apologised on Friday after some customers using Research in Motion's Blackberry handset lost emails in Europe, Middle East and Africa. Vodafone, the world's second-largest mobile operator with 407 million customers globally, said the problem was due to a router error and said services were now being restored.
LONDON, Jan 11- Emerging market borrowers raised more than $400 billion in international bond markets last year, a 30 percent jump form 2011 but issuance levels may ease off this year. To read an article on emerging bond issuance and returns please click Here is a table detailing bond issuance by region and sector in 2012 and forecasts for 2013 from JPMorgan.
LONDON, Jan 11- Asian firms and African governments will lead emerging borrowers hoping to tap into buoyant appetite for high-yield assets in 2013 although issuance levels and investor returns may fall short of last year.
DAR ES SALAAM, Jan 11- Tanzania faces the prospect of increased tension over natural resources following discontent in a region in the south of the country after some residents there demanded they get a bigger share of the benefits of a natural gas boom.